by Calculated Threat on 11/08/2024 02:11:00 PM
The U.S. lodge business reported optimistic year-over-year comparisons, in keeping with CoStar’s newest knowledge by way of 19 October. …
27 October by way of 2 November 2024 (proportion change from comparable week in 2023):
• Occupancy: 60.8% (+1.9%)
• Common each day charge (ADR): US$154.99 (+1.2%)
• Income per accessible room (RevPAR): US$94.22 (+3.1%)
emphasis added
The next graph exhibits the seasonal sample for the lodge occupancy charge utilizing the four-week common.
The crimson line is for 2024, blue is the median, and dashed gentle blue is for 2023. Dashed purple is for 2018, the document 12 months for lodge occupancy.
Word: Y-axis does not begin at zero to higher present the seasonal change.
The 4-week common of the occupancy charge has peaked for the autumn enterprise journey season and can decline seasonally by way of the vacations.
